The Global Market for Aircraft Recycling accounted for US$ 4,204 Million in 2021 and is anticipated to reach US$ 9,062 Million by 2030 with a CAGR of 9% from 2022 to 2030.

Airplane recycling refers to the process of recovering parts and materials from decommissioned aircraft. As the airline industry strives to become more environmentally friendly while also cutting costs, one area of growing interest is aircraft recycling. Recycling will play a larger role as more than 12,000 aircraft are scheduled to be decommissioned over the next two decades. The market is pursuing two goals at the same time: a more efficient recycling procedure for current aircraft and a more comprehensive design for future aircraft that accounts for what happen to a plane once it has served its function.

Market Dynamics

The aviation industry is going through a difficult and ambitious paradigm shift toward more sustainable practices and operations, and one area where progress is being achieved is at the conclusion of an aircraft's life cycle. A commercial airplane today has an average retirement age of roughly 25 years, after which it undergoes a lengthy and highly technical disassembly and recycling process - all part of a profitable market worth more than $80 million each year.

Hundreds of thousands of pieces make up each aircraft. Some of these components (such as seats, windshields, and landing gear) can be cleaned, examined, and repaired before being reused on other planes. Only a few components are thrown away. Other components are dismantled and divided into their constituent materials (aluminum, glass, and steel, for example), all of which are easily recyclable. Approximately 500 airplanes are recycled each year. By 2030, that number is likely to drop to around 2,000 planes per year, saving considerably more money on replacements for existing jets.

Bombardier was the first original equipment manufacturer to place a premium on aircraft disassembly, earning the Aircraft Fleet Recycling Association's (AFRA) dismantling certification in 2010. The company demolished a CRJ100/200 regional plane effectively, earning the AFRA's recognition as one of the best practices in the area. Bombardier Aircraft Services of Charlotte, North Carolina, disassembled ten CRJ100/200 regional jets in August 2010 in order to restore and remarket usable components for various aviation firms. They were able to salvage 1,500 reusable parts, with 300 line-replaceable units per jet.

According to recent surveys, the AFRA's series of best management practice manuals for dismantling and recycling airplanes has become the industry standard. Since 2008, AFRA has authorized 16 companies worldwide, 10 of which are based in the United States and the rest in Europe. These firms have experience dismantling and disassembling airplanes because they were certified by AFRA. They provide global customers with a dependable source of high-quality aftermarket airframe spares, primarily avionics, electronics, engines, rotables, landing gear, interior decorations, and other flight control parts. As a result, AFRA is a key certification process that gives all essential methods and resources to the aerospace and recycling industries in order to maximize environmental efficiency and economic profit during the aircraft assembly.

Market Insights

Aircraft type, product, and region are the three categories of the global aircraft recycling industry. The aircraft type segment is further bifurcated into wide-body and narrow-body. Based on product, the segmentation includes a component (engines, landing gear, avionics, others) and material (aluminum, other metals & alloys, other materials).

Global Aircraft Recycling Market Regional Competition

North America, Europe, Latin America, Asia-Pacific, and the Middle East & Africa are the segmentation of the global Aircraft recycling industry. Among all the regions, North America acquired the lion’s share in 2021 and is anticipated to continue its trend through the forecast period 2022 - 2030. The United States is building one of the world's largest airplane recycling centers in North American provinces. The market value of recycled airplane components is increasing due to increased demand from various airlines and aircraft operators throughout the world.

Global Aircraft Recycling Industry Segment Analysis

Aircraft Recycling Market By Aircraft Type

·         Narrow-Body

·         Wide-Body

Aircraft Recycling Market By Product

·         Material

o   Aluminum

o   Other Metals and Alloys

o   Other Materials

·         Component

o   Landing Gear

o   Avionics

o   Engines

o   Others

Aircraft Recycling Market Leading Companies

This piece of the report recognizes the market's leading vendors. Aircraft Part Out Company (APOC), Sycamore Aviation, Aircraft End-of-Life Solutions (AELS), ComAv - Commercial Aviation Services, Aviation International Recycling, AIR SALVAGE INTERNATIONAL LTD, Total Technic Ltd., and Tarmac Aerosave are the key companies mentioned in the research.

Aircraft Recycling Market Regions

North America

·         U.S.

·         Canada

Europe

·         U.K.

·         Germany

·         France

·         Spain

·         Rest of Europe

Latin America

·         Brazil

·         Mexico

·         Rest of Latin America

Asia-Pacific

·         China

·         Japan

·         India

·         Australia

·         South Korea

·         Rest of Asia-Pacific

Middle East & Africa

·         GCC

·         South Africa

·         Rest of Middle East & Africa